System and method for authorizing transactions using a metallic coin having universally machine readable stored value indicia
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United States of America Patent
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Apr 4, 2017
Grant Date -
N/A
app pub date -
Dec 1, 2016
filing date -
Aug 11, 2015
priority date (Note) -
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Abstract
A system is provided for a metallic coin that may be scanned and implemented for stored value account transactions using traditional point-of-sale devices. The coin has two sides, a first surface portion of the second side having a less reflective matte finish relative to the first side and a second surface portion of the second side. A substantially transparent coat layer is upon the first surface portion of the second side, with an ink layer comprising machine readable indicia further thereupon. The machine readable indicia include a unique identifier with respect to the metallic coin. A hosted server is functionally linked to the traditional point-of-sale device via a communications network and configured upon receiving the identifier as scanned from the point-of-sale device to extract stored value information corresponding to an account associated with the identifier, and transmit said information to the point-of-sale device.
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